I have the following information completed

What I need is a sketch of a earned value chart for this project:

PV = $60,000 EV = $55,000 AC = $50,000

Cost variance (CV)

CV = EV - AC

CV = 55,000 50,000

= 5,000

Schedule variance (SV)

SV = EV PV

SV = 55,000 - 60,000

= -5,000

Cost performance index (CPI)

CPI = EV / AC

CPI = 55,000 / 50,000

= 1.1 * 100

= 110

Scheduled performance index (SPI)

SPI = EV / PV

CPI = 55,000 / 60,000

= 0.91 * 100

= 91.6%

The cost variance(CV) is positive, so the cost of work is according to plan only

The schedule variance(SV) is negative, so it takes more time than planned to perform work

The Cost performance index(CPI) is greater than 100%, so the project is under budget

According to the calculated values, the project is running under budget, as well as behind schedule

EAC:

The formula to calculate Estimate at Completion(EAC) is:

EAC = BAC / CPI

BAC = 120,000

= 120,000 / 1.1

= 109,090.909

The EAC is less than the planned 120,000, so the project is performing better than planned in terms of the budget

Estimating Time:

The formula to estimate time is:

SPI = Project duration / SPI

= 6months / 91.6

= 6 / 0.91

= 6.59 months

It will take about 6.5 months to finish the project